A venture may be defined as a project prospective converted into a process with an adequate assumed risk and investment, and venture capital is financial capital provided to early stage, high potential growth startup companies. Private equity investments began to emerge marked by the founding of the first two venture capital firms in 1946. One of the first steps toward a professionally-managed venture capital industry was the passage of the Small Business Investment Act of 1958. While the substantial developments in venture capital have made progresses practically after the SBI act and ventures face an increasingly various set of funding sources, the academic researches on this industry are not very filling due to scarcity of data on venture capital. This paper investigates the business analysis using Venture Capital's financial information and analyze the effect of venture capital investment and profitability by implementing the parametric test and the multi- regression analysis on the basis of the venture company DB and its financial data. The major results of this study are as follows. I classify the sample into two groups: the high-evaluated venture firms and low- evaluated firms. The positive influence of fund investment of venture capital moderates the information asymmetry between investors and venture capitals to improve the corporate value of the venture capital firms. The investment decision and management system of venture capital should be strengthened by quality to that of global venture capital firms.
한국창업학회는 기업가정신, 사회적기업가정신, 조직기업가정신, 국제․지역창업, 기술창업, 문화창업, 비영리창업, 여성창업, 소상공․자영업창업, 중소벤처창업, 창업경영, 창업교육, 창업지원정책, 창업컨설팅, 가족기업, 사회적기업, 벤처캐피탈 등 창업학 및 이와 관련되는 학문의 연구와 적용을 통하여 한국창업학의 발전과 창업정책개발, 국가경제 및 기업의 성장 발전에 기여하며, 회원 상호간의 학술교류와 친목 도모를 목적으로 한다.
간행물
간행물명
한국창업학회지 [Journal of the Korean Entrepreneurship Socieity]